Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.20.2
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of restricted stock granted and exercisable
      Restricted Stock Granted   Restricted Stock Vested
Grant date Price     Number
Granted
  Weighted
Average
Fair Value per
Share
    Number
Vested
  Weighted
Average
Fair Value per
Share
 
$ 0.049     20,495,000   $ 0.049     5,123,750   $ 0.049  
Schedule of assumptions were used in the Black-Scholes valuation model
    Six  months ended
June 30,
2020
 
Conversion price*   $ 0.05  
Risk free interest rate     1.35 %
Expected life of derivative liability     3 years  
Expected volatility of underlying stock     190.4 %
Expected dividend rate     0 %
Schedule of warrant activity
    Shares
Underlying
Warrants*
    Exercise
price per
share
    Weighted
average
exercise
price
 
Outstanding January 1, 2019     852,775     $ 2.00 to 6.25     $ 5.10  
Granted     -       -       -  
Forfeited/Cancelled     -       -       -  
Exercised     -       -       -  
Outstanding December 31, 2019     852,775     $ 2.00 to 6.25     $ 5.10  
Granted     1,000,000       0.05       0.05  
Forfeited/Cancelled     (318,630     2.00 to 6.25       3.37  
Exercised     -       -       -  
Outstanding June 30, 2020     1,534,145     $ 0.05 to 6.25     $ 2.14  
Schedule of warrants outstanding and exercisable
      Warrants Outstanding     Warrants Exercisable  
Exercise
Price*
    Number
Outstanding
    Weighted
Average
Remaining
Contractual
life in years
    Weighted
Average
Exercise
Price
    Number
Exercisable
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
life in years
 
$ 6.25       519,520       0.25               519,520                  
$ 2.00       14,625       0.08               14,625                  
$ 0.05       1,000,000       2.64               1,000,000                  
          1,534,145       1.51     $ 2.14       1,534,145     $ 2.14       1.51  
Schedule of option activity
    Shares
Underlying
options
    Exercise
price per
share
    Weighted
average
exercise
price
 
Outstanding January 1, 2019     200,000     $ 0,40     $ 0,40  
Granted     -       -       -  
Forfeited/Cancelled     (100,000 )     -       -  
Exercised     -       -       -  
Outstanding December 31, 2019     100,000       0.40       0.40  
Granted     -       -       -  
Forfeited/Cancelled     -       -       -  
Exercised     -       -       -  
Outstanding June 30, 2020     100,000     $ 0.40     $ 0.40  
Schedule of options outstanding and exercisable
    Options Outstanding     Options Exercisable    
Exercise
Price*
  Number Outstanding*     Weighted
Average
Remaining
Contractual
life in years
    Weighted
Average
Exercise
Price*
    Number
Exercisable
    Weighted
Average
Exercise
Price*
    Weighted
Average
Remaining Contractual
life in years
 
0.40     100,000       8.50     $ 0.40       100,000     $ 0.4       8.50